Income from frozen Russian assets to be used to meet Ukraine’s most important financial needs in 2025 – Shmyhal

The funds received from the United States, other G7 countries and the EU in the amount of $50 billion will be used to meet Ukraine's most important financial needs in 2025, said Ukrainian Prime Minister Denys Shmyhal.

"The United States will provide Ukraine with up to $20 billion in additional assistance. This is part of the overall support package from the G7 countries and the EU totaling $50 billion. The funds will be raised using income from frozen Russian assets. This week, the EU and Great Britain also made similar decisions. The funds from partners will be used to meet Ukraine's most important financial needs in 2025," Shmyhal wrote on Telegram.

According to him, "thanks to this assistance, our allies are creating a solid foundation for Ukraine's economic and financial stability."

"I am grateful to the United States for your support! This is an important investment in the security of Europe and the world," the head of the Ukrainian government added.

As reported, the White House announced that the United States and Western allies are preparing to provide Ukraine with a $50 billion loan package from revenues from frozen Russian assets, with Washington's contribution amounting to $20 billion. As reported by the White House, "Ukraine will receive the assistance it needs without burdening taxpayers" of the United States.